July 6, 2017

Discovery Resource # C-11

For "high-income" workers you may experience an increase in your 2015 federal taxes going forward due to a number of new provisions such as personal exemption phaseouts, limits to itemized deductions, 3.8% Medicare tax on investment income and the creation of a new tax bracket (39.6%).

Use this calculator to help determine your estimated tax liability along with your average and marginal tax rates. "High-income" workers may experience an increase in federal taxes and beyond due to new provisions such as personal exemption phaseouts, limits to itemized deductions, Medicare tax on investment income, and a new top tax bracket. Read More...

July 6, 2017

Discovery Resource # C-14

It is prudent planning to have at least three to six months of liquid/cash assets set aside in the event of a loss of job, medical emergency, short-term disability, etc. Use this calculator to help determine how much you need to set aside monthly or as a lump sum to create an emergency fund. Read More...

July 6, 2017

Discovery Resource # E-29

Gain control of your financial life by creating a budget. Your budget will help you see where you are spending your money and where you can make adjustments to meet your financial goals. Remember, the numbers don't lie!

A budget will allow you to objectively evaluate your spending habits, plan for upcoming expenses and your financial future.

Budgeting also helps you distinguish between your financial needs and wants. Read More...

July 6, 2017

Discovery Resource # E-36

Understand how taxes impact your cash flow and how to estimate your income after taxes, so you’ll have a solid foundation when budgeting for your mortgage, car, emergency savings fund, living expenses, and investments. Read More...